Gapping down
In reaction to earnings/guidance:
- UPST -17.6% (Q2 guidance), WDFC -9%, NUS -4% (guides Q2 revs below consensus), TSM -0.5% (June revs)
Other news:
- GME -5.4% (CFO to step down names new CFO; also co has laid off employees company-wide according to Reuters)
- TWTR -4.2% (Elon Musk's bid to buy co in jeopardy according to WaPo; also laying off 30% of its talent acquisition team according to WSJ)
- MARA -3.7% (publishes June bitcoin production and miner data)
- DQ -2% (provides H1 financial update for Subsidiary Xinjiang Daqo)
- EBS -1.3% (enters into collaboration with Ridgeback to expand availability of Ebanga treatment for Ebola)
- MTTR -0.7% (acquires VHT)
- SMR -0.6% (announces effectiveness of Form S-1 registration statement from SEC )
Analyst comments:
- KMT -3.6% (downgraded to Sell from Neutral at UBS)
- SIX -2.9% (downgraded to Neutral from Buy at Citigroup)
- IHRT -2.3% (downgraded to Equal Weight from Overweight at Wells Fargo)
- A -2.2% (downgraded to Neutral from Buy at Citigroup)
- MDGL -1.8% (downgraded to Neutral from Buy at B. Riley Securities)
- ITW -1.3% (downgraded to Neutral from Buy at UBS)
- HBAN -1.1% (downgraded to Neutral from Overweight at Piper Sandler)
- WIT -1.1% (downgraded to Underperform from Hold at Jefferies)
- PYPL -0.8% (downgraded to Neutral from Buy at Redburn)